Markets turning bullish… but valuations and strategy still matter
Equity markets are undoubtedly in a bullish mood, with positive market sentiment and a broadening out of the…
Could we see a major equity rally in the second half of 2023?
The end of last year saw sentiment towards risk assets and in particular equities become very pessimistic. The…
Perceptions vs. Reality
As investors taking actions day-to-day, month-to-month, year-to-year, it is easy to get lost in the data, the news…
Another lurch into commodity tightening?
It’s easy to forget, but less than 18 months ago Russia surprised the world with the full-scale invasion…
Opportunities in the A.I. ‘Losers’?
The recent and remarkable rise of generative artificial intelligence (AI) systems has captured the attention and imagination of…
Hard landing, soft landing, or no landing
Equity markets have had a strong first-half of 2023, with strong moves up in many of the major…
Old king coal isn’t dead yet
The energy transition is the biggest structural trend underway in the global economy today. Climate change and the…
Who wins the electric car race… We don’t care!
There is a scene in the American crime drama The Wire where police officer Cedric Daniels (played beautifully by the…
Early cycles turning? (Part 2)
Last week we introduced the concept of investing in cyclical industries and why we think it is important…
Early cycles turning?
Some sectors in the economy go through what are known as cycles. Periods of very high demand are…